International Flavors & Fragrances Inc (NYSE:IFF)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $144.71 and traded as high as $145.12. International Flavors & Fragrances shares last traded at $143.84, with a volume of 7,066 shares.
IFF has been the subject of a number of research reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Goldman Sachs Group set a €76.00 ($88.37) price target on shares of Symrise and gave the stock a “neutral” rating in a report on Thursday, March 21st. KeyCorp reduced their price target on shares of At Home Group from $35.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, June 7th. They noted that the move was a valuation call. BNP Paribas cut shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a report on Friday, June 21st. Finally, Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $150.25.
The firm has a market capitalization of $15.44 billion, a PE ratio of 22.79 and a beta of 0.76. The company’s 50 day simple moving average is $144.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.58.
International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. International Flavors & Fragrances had a net margin of 7.29% and a return on equity of 12.74%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $1.79 earnings per share. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. Research analysts expect that International Flavors & Fragrances Inc will post 6.3 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 24th were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is 46.50%.
In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $142.00, for a total value of $355,000.00. Following the transaction, the insider now directly owns 40,858 shares of the company’s stock, valued at $5,801,836. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,580 shares of company stock worth $1,361,842 over the last ninety days. Insiders own 0.39% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Lenox Wealth Management Inc. bought a new position in shares of International Flavors & Fragrances during the first quarter valued at about $26,000. Kaizen Advisory LLC lifted its position in shares of International Flavors & Fragrances by 50.3% during the fourth quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 91 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of International Flavors & Fragrances during the first quarter valued at about $38,000. Field & Main Bank bought a new position in shares of International Flavors & Fragrances during the first quarter valued at about $39,000. Finally, Penserra Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 28.6% during the first quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 80 shares in the last quarter. 88.32% of the stock is currently owned by hedge funds and other institutional investors.
International Flavors & Fragrances Company Profile (NYSE:IFF)
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.
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